Month: June 2020

The Irrawaddy | Domestic travel in Myanmar began to reopen this month, with tourism businesses working to revive the industry as the sector is among those most affected by the COVID-19 pandemic. After Myanmar confirmed its first COVID-19 cases in late March and the government imposed restrictions on travel, the tourism sector saw revenues plummet […]

Myanmar Times | The Sandhi Governance Institute, a civil society group that observes local projects, has flagged “risky conditions” and a lack of transparency at the New Yangon City Project (NYCP) in a report dated June 24. “There should be more transparency involved in this project. For example, key data should be readily available and […]

Deal Street Asia | Singapore-based robotics startup Botsync has raised an undisclosed sum in a seed funding round while Myanmar-based early-stage investor EME and Japanese investor Seiji Kurokoshi, together with e-commerce startup Ezay, have announced the formation of a new company AdsZay. Singapore’s Botsync raises seed round Singapore-based robotics startup Botsync has raised an undisclosed […]

Myanmar Times | The government will deploy its seventh tranche of COVID-19 loans, this time to about 300 business affected by the pandemic, in the first week of July. Construction businesses are likely to be considered for next loan tranche from the K200 billion to K500 billion pool under the government’s COVID-19 Economic Response Plan […]

Myanmar Times | The Myanmar Citizens Bank will introduce a co-branded debit card service together with the Myanmar Payment Union (MPU) and Japanese payment services provider JCB, the bank announced over the weekend. MCB’s MPU-JCB Co-Brand Debit Card will enable holders to access MPU’s merchant network across Myanmar and make withdrawals at MCB ATMs, other […]